The design, operation and improvement of the systems that create and offer the company's main products and services. It deals with the management of the entire system that produces a product or provides a service.
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What is the function of operations management in the organization?
Planning, organizing and strategizing for daily operations and routine is the main function of operations management. A well-planned and implemented strategy can help meet an organization's production deadlines and objectives.
What are the types of operational excellence?
They include strategy deployment, performance management, high-performance work teams and process excellence, says Peter Peterka, CEO of the training company Global Six Sigma and president of the International Society of Six Sigma Professionals. Operational excellence is a management strategy that involves maximizing the efficiency of processes within an organization.